The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-24
CONDITION OF THE MARKETS
Less Activity in Wheat, the Only Feat
ure Being Squirt by the Scalpers.
Corn Exhibits the Same characteristics as
Wheat. and the Trading in Provisions Is
Very Dull and Without New Features.
MONEY. BONDS AND STOCKS.

A Dull and Heavy Opening In New York
with an Active and Strong Closing.
NEW YORK, Nov. 23.-Money on call was
sasy at to per cent, closing offered at per
sent
Prime mercantile paper. Cas- per cent
Sterling exchange was dull but steady and
unchanged.
The total sales Of stocks to-day were 31l,0l
shares. including the following: Canada South
srn, 1900; Delaware. Laekawanna q Western,
$500; Erie, $40; Lake Shore, $40; Louisville
e Nashville 1850; Missouri Pacific. sos; North
western $3.50; Northern Pacific preferred, S,4So;
Oregon Transcontinental, g. 865: Pacific Mail,
5000 Reading. 1920; ST. Paul, %. 100; Texas
Pacific g. 600 Union Pacific, 58.237: Western
Union, 20,3l5: Wheeling 81 Lake Erie. 3,OUO
The stock market was dull and heavy to-day
until the afternoon, when &c became active ana
strong. There was little of interest In the mar
keS during the forenoon. Though Richmond %
West Point remained feature, 1t was heavy
with the remainder of the list However, the
coming holiday created an ipdisposition TO trade,
which was taken advantage of by the bears"
and traders 10 help the market down, In which
they had the aid OF some realizing
nv smaller bulls In the afternoon q story
was circulated TO the effect that the report OF
the investigating committee would be very
favorable 60 the Union Pacific, and that stock
Immediately became the leader of the market,
and before the close had advanced 81 per cent.
Central Pacific and Northern Pacific also felt
the stimulus though the latter was advanced
also on negotiations with European parties for
Is 600 900 Of the new third mortgage loan. 9th
er IL fuences. among which were the order OF
court restoring the Reading and Jersey Central
TO their stockholders Jan. l. and report
tina. the earnings of St. Paul would show
large increase for the third week in November.
brought in more buying in the general list. ard
everything shared in the Improvement Among
tho low priced shares, Alton 81 Terre Haute was
conspicuous for it's sharp advance. The open
ing was firm 70 strong, at an advance extending
tanned, and New England and Kansas 81
Texas were specially weak. while the
entire list was depressed below first hg-
ures. The activity was small. and the market
renamed in the neghborhood of the lowest
prices until the afternoon, when Union Pacific
suddenly became active and strong. and in the
rext two hours the entire list moved up steadily.
last hour, the rise was again resumed. and the
close was quiet though strong at the best prices
of the day. The net result of the days business
is that most Of the active list Is higher to-
night. though the advances are in faw cases for
more than fractions al amounts. hu: u MON Pacific
rose 3ac, Central Pacific p, Northern Pacific.
preferred, IL, and Oregon & Transcontnent-
al. L.
Railroad bonds were little more active and
were generally firm; closing prices are generally
higher Sales 1854 900; Houston & Texas gem
erai certificates rose z, to p; New York Central
frsts registered, g to 135; Atchison, Colorado q
Pacific irsts. ), to 106: San Francisco, class A,
81. to 1924; Rochester and Pittsburg frsts. II,
TO III: Indiana, BLOOMINGTON & Western income
certificates lost q, to 2o9, and Alton q Terre
.Haute dividends. z to 30
Government bonds were dull and steady.
State bonds were neglected. Closing quota
sions WERE